Macau introduced new casino regulations, but they are not as onerous as expected. However, China’s COVID policy could still be negatively influencing Macau’s industry. The industry currently sees less than half of the revenue it did pre-pandemic. MACAU – Macau’s casinos are looking like they’ll dodge what could have been potentially serious regulatory crackdowns in … Read more
Macau has shut down junket companies’ ability to offer loans to tourists. This is a blow to the junket tourism business, with unclear effects moving forward. This move comes in the wake of the arrest of junket tourism magnate Alvin Chau. MACAU – The conflict between the way in which Macau’s gambling economy is currently … Read more
Alvin Chau’s arrest has caused various knock-on effects even after his resignation. China is working with the government of Macau to resolve the situation and guide the process forward. Many seem to be pushing for Macau to diversify from its gambling and tourism oriented economy. MACAU – The arrest of Alvin Chau has sent shockwaves … Read more
Multiple arrests in Macau have caused consternation in the stock market. Alvin Chau, head of Suncity Group, is accused of cross-border gambling. Suncity is famous for organizing junket tourism for the purposes of gambling. MACAU – Multiple people have been arrested for alleged money laundering and cross-border gambling in Macau. Alvin Chau, a prominent gambling figure … Read more
Following new Chinese government restrictions, companies doing business in Macau suffer stock drops across the globe. Macau officials are consulting government officials regarding new restrictions and potential revisions to their gaming operations. LAS VEGAS – The Asian gaming hub of Macau recently announced that they will be tightening restrictions on gambling and operators within the … Read more